The global aluminium scrap market is poised for significant growth, projected to reach USD 11.5 billion by 2031, expanding at a CAGR of 8.16% from 2024 to 2031. Aluminium scrap, a crucial resource in the recycling industry, plays a vital role in reducing energy consumption and conserving natural resources. This comprehensive market research report by DataGuru Research Partners offers an in-depth analysis of the global and regional market dynamics, growth drivers, key industry players, market trends, and technological innovations. It covers all market segments, including scrap types (old, new, post-consumer), key products (aluminium foil, ingots), and end-use sectors (automotive, construction, electronics).

Aluminium scrap refers to used or waste aluminium materials that can be recycled and reused. It is an important part of the aluminium recycling industry and helps conserve resources, reduce energy consumption, and minimize environmental impact.

Here are some key aspects of the Aluminium Scrap Market:

• Types of Aluminium Scrap
  • Post-Consumer Scrap:
    • Examples: Old cans, used automotive parts, old window frames, and discarded appliances.
    • Characteristics: Often mixed with other materials and needs to be sorted and cleaned.
  • Post-Industrial Scrap:
    • Examples: Scrap from manufacturing processes, such as cuttings, trimmings, and rejects.
    • Characteristics: Generally cleaner and less contaminated than post-consumer scrap.
  • End-of-Life Scrap:
    • Examples: Scrap from products at the end of their useful life, like used electronics or vehicles.
• Characteristics: Can be a mix of aluminium with other materials, requiring careful separation.                                               

Market Overview

The Global Aluminium Scrap Recycling Market was valued at USD 6.11 Billion in 2023 and is estimated to reach at USD 11.5 Billion in 2031 growing at a CAGR of 8.16% over the forecast period from 2024-2031. The report would provide you with market size estimates both in terms of revenue (USD Million) and volume (Million Units) for the time period from 2022 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on Scrap Type, Product, End-use Sector, and Region.

Market Dynamics:

Below are the factors impacting the growth of Aluminium Scrap Market:

• Demand for Recycled Aluminium
  • Industrial Demand: The demand for recycled aluminium in industries such as automotive, construction, aerospace, and packaging drives the market. Recycled aluminium is valued for its energy efficiency and environmental benefits.
  • Consumer Trends: Increasing consumer awareness and preference for sustainable products can boost demand for recycled aluminium.
• Economic Conditions
  • Global Economic Growth: Economic growth can lead to increased production and consumption of aluminium products, thereby generating more scrap and boosting recycling activities.
  • Market Prices: Fluctuations in aluminium prices can affect the profitability of recycling operations. Higher prices for primary aluminium may incentivize more recycling, while lower prices might impact the viability of scrap collection and processing.
• Regulatory and Environmental Policies
  • Recycling Regulations: Government regulations and policies promoting recycling and waste management can drive growth in the aluminium scrap market. Incentives, subsidies, and mandates for recycling can encourage higher collection rates.
  • Environmental Standards: Stricter environmental regulations on emissions and waste disposal can increase the focus on recycling and sustainable practices.

 Regional Analysis

Based on region, Global Aluminium Scrap Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key country covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America.

Competition Landscape

The report covers company profiles and competition analysis of major players operating under Global Aluminium Scrap Recycling Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global Aluminium Scrap Recycling Market are Sims Metal Management, Kuusakoski Recycling, DOWA HOLDINGS Co., Ltd., ArcelorMittal S.A., REAL ALLOY, Commercial Metals Company, Aurubis AGS, TRIMET Aluminium, Nupur Recyclers, and Arfin India Ltd.

 Market Segmentation

The Global Aluminium Scrap Recycling Market can be segmented on the basis of Scrap Type, Product, End-use Sector, and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.

 Global Aluminium Scrap Market Scope:

 Global Aluminium Scrap Market, By Region and Countries:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East and Africa
• South America
  • Brazil
  • Argentina
  • Rest of South America

 Reason to Purchase the Report:

• Latest trends in the market
• In depth market segmentation and cross regional / country analysis
• Market dynamics analysis including drivers, restraints and opportunities in the market
• Market sizing and segment analysis
• Competition Analysis including profiling of key market players
• Market share analysis and key strategies adopted by key players
• Recent developments and technological advancement by key players in the market
• Key takeaways from the research findings to take strategic decision in business needs